Maruti Suzuki Car Insurance - An Overview

With Maruti Suzuki insurance, you can protect your prized possession against unforeseen risks on the road. In the absence of the right insurance plan, you might have to bear hefty out-of-pocket expenses for the repair or replacement of your Maruti Suzuki four-wheeler. By comparing various insurance providers online, you can pick the best insurance company for Maruti cars and financially secure your vehicle against untoward mishaps.

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About Maruti Suzuki Car Insurance

Maruti Suzuki India Limited is a renowned automobile manufacturer in India. As compared to other players in the automobile market, Maruti Suzuki is known for offering affordable and high performing vehicles. The Maruti car prices in India range from ₹4.08 Lakhs to ₹14.39 Lakhs. One of their best-selling cars, the Maruti Suzuki Vitara Brezza, earned an impressive 4-star rating at the Global NCAP crash test rating. Even though all these cars abide by the BNVSAP safety norms, unpredictable events like accidents, theft, natural calamities, etc. can burn a hole in your pocket. Thus, it is imperative to buy Maruti Suzuki insurance for your vehicle. Read on to know more about Maruti Suzuki car insurance, its types, and how you can buy Maruti Suzuki car insurance online.

Popular Maruti Suzuki Models with Car Insurance Price

Maruti Suzuki Car Model

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium**

FY 2022-23

 

(effective 1st April, 2022)

 

Maruti Suzuki Alto

₹4.08 Lakhs-₹5.03 Lakhs*

Petrol/CNG

Petrol: ₹2094/ ₹3416

CNG: ₹2094

Maruti Suzuki Wagon R

₹5.47 Lakhs- ₹7.08 Lakhs*

Petrol/CNG

Petrol: ₹2094/ ₹3416

CNG: ₹2094

Maruti Suzuki Swift

₹5.91 Lakhs- ₹8.71 Lakhs*

Petrol

₹3416

Maruti Suzuki Baleno

₹6.49 Lakhs- ₹9.71 Lakhs*

Petrol

₹3416

Maruti Suzuki Dzire

₹6.24 Lakhs- ₹9.17 Lakhs*

Petrol

₹3416

Maruti Suzuki Vitara Brezza

₹7.84 Lakhs- ₹11.33 Lakhs*

Petrol

₹3416

Maruti Suzuki XL6

₹11.29 Lakhs- ₹14.39 Lakhs*

Petrol

₹3416

How to Buy Maruti Suzuki Car Insurance Online

You can follow this simple process to buy a new Maruti Suzuki insurance on the Bajaj MARKETS website:

 

  1. Visit the ‘Car Insurance Premium Calculator’.

  2. Fill in your mobile number and your Maruti Suzuki car’s registration number.

  3. Provide all the necessary details about your vehicle.

  4. Pick the car insurance that is best suited for your needs.

  5. Pay the car insurance premium online.

  6. Your Maruti Suzuki car insurance policy will be sent to your email address upon successful payment.

Know How to Renew Maruti Suzuki Car Insurance Online

Here is the 5-step process you can follow for Maruti Suzuki insurance renewal:

 

  1. Visit your insurance provider’s website.

  2. Enter your car’s registration number and your contact details.

  3. Check your Maruti Suzuki car insurance renewal premium.

  4. Make the payment online.

  5. Download a copy of your Maruti Suzuki car insurance policy.

Read More: Car Insurance Renewal

Why Does Your Maruti Suzuki Car Require Insurance?

No matter how good a driver you may be or how well you maintain your Maruti Suzuki car, there are always certain risks that you will be exposed to. Dangers such as accidents, injury, theft, natural calamities, malicious acts, vandalism, etc. will always be beyond your control. Even for a low-end car model, the cost to repair or replace the damaged car accessories can go up to ₹1 Lakh– ₹2 Lakhs!
A Maruti Suzuki insurance policy will provide coverage to your car against all such risks by compensating for the damages caused due to any mishaps. Moreover, having a third-party four-wheeler insurance plan is now mandatory in India under the Motor Vehicles Act, 1988.

Which One is Right for You- Third-Party Car Insurance or Comprehensive Car Insurance?

  • Third-Party Car Insurance

Third-party car insurance is mandatory by law under the Motor Vehicles Act, 1988. Third-party insurance covers any injury or death of the third party due to your vehicle in an accident. It also covers damage caused by your car to third-party property. However, the coverage provided under third-party car insurance is limited. Any damage incurred by your vehicle in case of an accident is not covered.

  • Comprehensive Car Insurance

So, what do you do to safeguard your precious possession? This is where a comprehensive car insurance plan comes into the picture. A comprehensive car insurance plan will financially protect your vehicle in case of accidents, theft, or loss incurred due to natural and man-made disasters. It also covers all the third-party liabilities and offers personal accident cover to the driver.

What Does Your Maruti Suzuki Insurance Cover?

Third-party car insurance covers damages to a third party like physical injuries, damages to property, damages to the vehicle, or injuries caused by your insured Maruti Suzuki vehicle. A comprehensive car insurance policy covers damages caused to your insured vehicle, third-party liabilities, damages due to natural and man-made calamities, repair and replacement expenses, etc.

What is Not Covered in Your Maruti Suzuki Insurance?

Expenses that are not covered in your Maruti Suzuki car insurance include damages incurred outside the stated geographical region, damage caused by or contributed due to nuclear weapons, damages caused due to overspeeding or driving under the influence of intoxicants, malicious activities, etc.

Add-On Covers to Upgrade Your Maruti Car Insurance

Along with your comprehensive car insurance, you can purchase additional covers that provide extensive protection to your vehicle. Let us take a look at different add-on covers available for Maruti Suzuki car insurance:

  • Zero Depreciation

    With a zero-depreciation car insurance add-on cover under your name, your insurer will not consider the depreciation value of the car when making a claim. In the absence of this cover, the compensation is paid as per the current market value of the car. Zero depreciation cover allows you to receive the full amount in compensation in case of loss/damage to your vehicle.

  • Return to Invoice (ROI)

    ROI will ensure that you receive the invoice value of your Maruti car in case it is lost/stolen. The insurer will compensate for the actual value of the vehicle along with the registration charges and road tax.

  • No Claim Bonus Protection Cover

    Every time you make a claim, you lose the NCB earned on your insurance plan. However, with the NCB in Car insurance, the NCB earned remains even after making a claim.

  • Consumable Expenses

    Consumable expenses provide coverage for the repair/replacement of consumables like engine oil, gearbox oil, nut and bolt, screws, distilled water grease, brake oil, oil filter, bearings, washers, AC gas, etc. after an accident.

  • Engine and Tyre Secure

    With this cover, you are adding safety to your engine and tyres. So, in case of replacement/repair, the insurer will compensate you for the expenses incurred. Also, any damage to the internal parts such as the engine, gearbox, and transmission is covered.

Read more: Add-on Covers in Car Insurance

How Can You File a Claim for Your Maruti Suzuki Insurance?

It is crucial to understand how insurance claims are registered. Let’s start with the different types of Maruti Suzuki car insurance claims.

  • Claim Cashless Car Insurance for Maruti Suzuki Cars

A cashless claim is the facility wherein you can get your vehicle with accidental damages repaired at the nearest network garage and the insurance company will take care of the expenses directly with the garage.

  • Claim Reimbursement for Maruti Suzuki Cars

Here you can get your Maruti Suzuki car fixed at your preferred garage at your expense, and raise a reimbursement claim against your car insurance policy. Upon claim approval, the claim amount is transferred to your bank account (after subtracting deductibles, if any).

The documents that you need for claiming your Maruti Suzuki insurance:

 

  • Maruti Suzuki car insurance policy document

  • Maruti Suzuki car details

  • Insurer details

  • Details of the incident

  • FIR copy in case of theft

  • Original bills and receipts of vehicle repair

Read More: Car Insurance Claim Process

How Can You Reduce the Maruti Suzuki Car Insurance Cost?

Here are some tips to reduce the insurance cost for your Maruti Suzuki vehicle:

  • No Claim Bonus Rewards

Earn No Claim Bonus (NCB) rewards by making zero claims throughout the policy tenor. You can use these rewards to get a reduction in premium during Maruti Suzuki insurance policy renewal.

  • Compare Insurance Premium Quotes

Compare the car insurance premiums offered by different insurance companies to get a plan that is best suited for your needs!

  • Install Anti-Theft Devices in Your Maruti Suzuki Car

Lower your car insurance premium by installing anti-theft devices like gear locks, anti-theft alarms and steering locks, etc. that are authorised by the Automotive Research Association of India (ARAI).

  • Avoid Filing Claims for Small Amounts

Avoid raising claims for inexpensive repairs to secure your No Claim Bonus (NCB) reward. Such expenses can be covered from your pocket.

  • Maintain Your Car

One of the key determinants of your car insurance premium amount is the condition of your vehicle. Hence, ensure that you maintain your car and get it serviced from time to time.

Summing Up

To enjoy joyous and carefree long drives in your Maruti Suzuki car, it is essential to protect it with a tailor-made Maruti Suzuki insurance policy. With the right car insurance, your car will be financially secure during any untoward incidents. Bajaj MARKETS offers comprehensive car insurance policies with extensive coverage for all Maruti Car Models.

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs

  • ✔️Which type of car insurance is best?

    Comprehensive insurance is the most suitable car insurance to safeguard your Maruti Suzuki four-wheeler against damage or loss resulting from perils such as theft, fire, calamities, etc.

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